PUMP (Pump.fun) fell 3.84% in the last 24 hours.

Gate News Bot news, on September 30th, according to CoinMarketCap data, PUMP (Pump.fun) is currently priced at $0.00546793, having fallen 3.84% in the last 24 hours, with a high of $0.00616406 and a low of $0.00485496. The current market capitalization is approximately $1.936 billion.

Pump is a mobile-first cryptocurrency trading platform that offers faster trading, chatting, and other features. Users can create new tokens on the platform, and all tokens are issued through a fair distribution mechanism, ensuring that everyone can buy and sell equally at the time of the token's initial creation.

PUMP recent important news:

1️⃣ Prices continue to fluctuate, market sentiment is unstable The price of PUMP has been fluctuating recently. On September 29, PUMP saw a single-day increase of 14.11%, reaching a high of $0.00616406. However, it was followed by a pullback, with a 3.84% drop in 24 hours. This dramatic price fluctuation reflects a divergence in market perceptions of PUMP, and investor sentiment is relatively unstable.

2️⃣ The listed company plans to allocate PUMP tokens to increase market attention NASDAQ-listed Fitell Corporation announced plans to allocate PUMP tokens in its digital currency treasury. This decision is seen as an extension of the company's financial strategy for Solana digital assets and may enhance the recognition and attention of PUMP among institutional investors.

3️⃣ New developments in legal disputes Burwick Law Firm is seeking to dismiss the lawsuit against Jito Labs and its two executives in the case against Pump Fun. This development suggests that the relevant legal dispute may be heading towards a settlement, helping to reduce the legal uncertainty facing the PUMP project.

From a technical perspective, PUMP may continue to experience volatility in the short term. The support level may be around $0.00485, while the resistance level could be around $0.00616. Investors need to closely monitor institutional investment trends and the progress of legal events, while also being wary of the risks posed by changes in market sentiment.

This message is not intended as investment advice, and investors should be aware of market volatility risks.